Mr. Paul Sorbara reports

GOLDEN GOLIATH STAKES THREE RARE EARTH ELEMENT PROSPECTS IN QUEBEC

Golden Goliath Resources Ltd. has expanded its Manicouagan critical minerals rare earth elements project in Quebec.

In addition to the Ernest prospect that was acquired by option during the winter (see news release dated March 2, 2023), Golden Goliath has now staked three other prospects, namely Victory 21, Bedard and Citadelle, all with promising geology and anomalous rare earth element values in lake sediments and limited rock sampling. All four properties are within 50 kilometres of the Manicouagan impact crater, which may have some relation to the anomalous rare earth element values.

Along with highly prospective metamorphic and igneous complexes, the company's Manicouagan project has excellent infrastructure with hydro power facilities and access with Highway 389 splitting the properties and secondary access provided by recent forestry activities.

The anomalous values are from lake sediment sampling and limited rock sampling conducted by the Ministere des Ressources Naturelles. The properties cover areas with anomalous values in key REEs, cerium, lantanum, neodymium, praseodymium, vanadium and rubidium. Many of the other REEs show elevated values.

The properties are all underlain by metamorphic and intrusive complexes of the Grenville geological province. The Bedard and Citadelle prospects are also associated with circular magnetic features, which may also be related to the anomalous REE values.

The company's exploration approach will focus on geological mapping, rock and till sampling followed by geophysics.

Golden Goliath chief executive officer Paul Sorbara said: "I am very excited about our Manicouagan project. Three more 100-per-cent-owned REE properties, in addition to the option to earn 100 per cent in the Ernest property, puts the company in an excellent position. In spite of the highly anomalous values, this area is underexplored; with the increasing importance of critical minerals such as REEs, we are confident we will lead the way in making new REE discoveries in this promising region."

This news release has been reviewed by Gordon MacKay, PGeo, who is acting as qualified person under the National Instrument 43-101 requirements.

About Golden Goliath Resources Ltd.

Golden Goliath is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The company is focused on exploring and developing the gold and silver potential of properties in the Red Lake district of Ontario. The company also holds a 100-per-cent interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as net smelter return (NSR) royalties on several other nearby properties.

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